Saver’s Sweepstakes Launched
Build Your Savings for a Chance to WIN up to $5,000!
Wisconsin credit unions, like WCCU, supported recent legislation to bring Saver’s Sweepstakes® to our state and our members. This new account encourages you to build up a savings account and offers an incentive through cash prize drawings. It’s our way of rewarding you for making deposits. Our mission, as a credit union, is to help improve the financial health of our members.
Saver’s Sweepstakes is a program that automatically enters participants into a drawing for cash prizes. Each month, when your account balance is increased by $25, you will receive an entry for the drawing. The maximum number of entries that you can earn is 6 per month ($150 in deposits).
There are restrictions associated with this account. After your Saver’s Sweepstakes Account is opened, withdrawals are only permitted every 12 months – during the anniversary month that the account was opened. (Ex. If you open a Saver’s account in May of 2019, you can take money out in May of 2020, May of 2021, etc).
Similar to a Christmas Club Account or a Certificate, this account is not intended for people to put the money in and take it out like a regular savings account. It is intended to help people put money into an account to build the balance while promoting the habit of saving. If you decide to withdrawal the money early, there is a $10 fee for the first and second withdrawal. Officials will close the account if members take a 3rd withdrawal.
Starting now, for every $25 you save per month in your Saver’s Sweepstakes Account*, you will earn entries into monthly, quarterly and annual cash prize drawings. All of the money you deposit into the account, plus interest, is yours! In addition to your opportunity to win the official prizes, Saver’s Sweepstakes will be conducting a separate drawing for just WCCU members.
For each $25 that you grow your monthly balance, you’ll earn one entry. The Saver’s Sweepstakes official prize pool includes all participating Wisconsin Credit Unions. Additionally, WCCU will have a separate pool of only WCCU members. Multiple winners are drawn each month. Saving money can help you win money in our Saver’s Sweepstakes!